Laurentian Increases Canadian Western Bank (CWB) Price Target to C$39.00
Canadian Western Bank (TSE:CWB) had its price objective increased by analysts at Laurentian from C$36.00 to C$39.00 in a note issued to investors on Monday. The brokerage currently has a “buy” rating on the stock. Laurentian’s price objective points to a potential upside of 15.21% from the stock’s previous close.
CWB has been the topic of a number of other research reports. Barclays PLC raised their price objective on shares of Canadian Western Bank from C$28.00 to C$30.00 in a report on Friday, August 11th. BMO Capital Markets upped their target price on shares of Canadian Western Bank from C$28.00 to C$29.00 and gave the company a “market perform” rating in a report on Friday, September 1st. TD Securities upped their target price on shares of Canadian Western Bank from C$32.00 to C$36.00 and gave the company a “hold” rating in a report on Thursday. National Bank Financial increased their target price on shares of Canadian Western Bank from C$28.00 to C$32.00 and gave the company a “sector perform” rating in a research report on Friday, September 1st. Finally, Royal Bank Of Canada raised shares of Canadian Western Bank from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$32.00 to C$35.00 in a research report on Friday, September 1st. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Canadian Western Bank has a consensus rating of “Hold” and a consensus target price of C$32.56.
Canadian Western Bank (TSE CWB) traded up 1.45% during midday trading on Monday, hitting $34.20. 201,975 shares of the stock traded hands. The stock has a market cap of $3.02 billion and a price-to-earnings ratio of 15.00. The company has a 50-day moving average price of $29.29 and a 200 day moving average price of $27.92. Canadian Western Bank has a one year low of $23.68 and a one year high of $34.27.
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About Canadian Western Bank
Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services. The Bank specializes in mid-market commercial banking, real estate and construction financing, and equipment financing and leasing. The Bank offers financing solutions through CWB Equipment Financing, National Leasing, CWB Maxium Financial, CWB Franchise Finance and CWB Optimum Mortgage, trust services through Canadian Western Trust and wealth advisory services through CWB Wealth Management.
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